The Foschini Group, owner of Hobbs and Whistles, is close to finalising a deal to acquire fashion retailer White Stuff.
- Talks are reportedly in advanced stages, with a decision expected soon.
- The potential acquisition deal is estimated at around £50 million, though the exact price is still being negotiated.
- Foschini Group aims to expand White Stuff’s reach and integrate it with its other brands.
- A new flagship multi-brand store, set to open in Liverpool next spring, is part of Foschini’s broader expansion strategy.
The Foschini Group, which owns well-known fashion brands such as Hobbs and Whistles, is reportedly on the verge of acquiring high street chain White Stuff. The talks are said to be in advanced stages, with a deal possibly being finalised within days, according to sources.
Analysts suggest that the acquisition could be valued at approximately £50 million, although the exact terms are still under discussion. This potential purchase aligns with Foschini’s strategy to broaden its brand portfolio and strengthen its presence in the UK fashion market.
Foschini Group, through its British subsidiary TFG London, already owns other prominent labels like Phase Eight and Damsel in a Dress. The acquisition of White Stuff would further enhance its position in the market by adding a new dimension to its fashion offerings.
Investment bank Rothschild has been engaged in the process since February, following an unsolicited approach from another prospective buyer. This indicates strong interest in White Stuff and its potential for growth under new ownership.
Earlier this month, Foschini Group announced plans to open its largest multi-brand store at Liverpool One. Scheduled to open next spring, the 12,000 square foot flagship will feature luxury and contemporary fashion options from Hobbs, Phase Eight, and Whistles. It will also include specialist collections like bridal and petite ranges, as well as a luxury styling suite for event shoppers.
Foschini Group’s strategic move to acquire White Stuff signals its commitment to expanding its influence in the UK’s fashion retail sector.
